Protection provider Synergy Protect is closing to new business from January 29.
The income protection and life insurance provider says existing plans will continue to be administered by the company and clients’ cover will not be affected by this move.
Pipeline business will also continue to be processed in the usual way.
In an email sent to IFAs, Synergy Protect sales director Wayne Anderton says: “In future, any amendments or alterations will continue to be dealt with in the usual way and we can still be contacted.”
Call me a cynic, but doesn’t it seem like the platform providers are becoming like the old life offices?
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